private analysts and the Federal Reserve say a slowdown is looming. Economists surveyed by The Wall Street Journal estimate the growth rate will slow to 2.5% by the first quarter of next year and 2.3% by the third quarter of 2019. The Fed is expecting growth to slow further to a 1.8% rate by 2021.

“We think U.S. growth may have just peaked,” said Michael Gapen, chief U.S. economist for Barclays Capital, who is in Wall Street’s big-slowdown camp.

And the stock market is still below January levels by about 1 600 points. We are being told the economy is just fantastic, but it is really not true. The housing market is going down as well.

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This year will be the first time we've had 3% GDP growth since 2005.

The economy is doing well despite the volatility in the stock market (the Dow is up 449 points as we speak). We went through similar fluctuations earlier in the year and despite the doomsday predictions and prayers of Leftists like Bill Maher who are hoping for recession the economy is still chugging along.

It's likely growth could slow given rising interest rates, but it's equally likely the big slowdown camp will continue to be just as wrong next year as they've been this year.

private analysts and the Federal Reserve say a slowdown is looming. Economists surveyed by The Wall Street Journal estimate the growth rate will slow to 2.5% by the first quarter of next year and 2.3% by the third quarter of 2019. The Fed is expecting growth to slow further to a 1.8% rate by 2021.

“We think U.S. growth may have just peaked,” said Michael Gapen, chief U.S. economist for Barclays Capital, who is in Wall Street’s big-slowdown camp.

private analysts and the Federal Reserve say a slowdown is looming. Economists surveyed by The Wall Street Journal estimate the growth rate will slow to 2.5% by the first quarter of next year and 2.3% by the third quarter of 2019. The Fed is expecting growth to slow further to a 1.8% rate by 2021.

“We think U.S. growth may have just peaked,” said Michael Gapen, chief U.S. economist for Barclays Capital, who is in Wall Street’s big-slowdown camp.